The Puerto Rico Oversight Board on Friday filed suit against a law that would scuttle the negotiated plan of adjustment for the central government debt. The board filed an adversary proceeding in the Title III bankruptcy in the U.S. District Court for Puerto Rico against the governor and legislative leaders in defense of the negotiated
A popular recent article in the New York Times suggested that Americans who aren’t saving enough for retirement can blame Wall Street’s high fees on investment products for their shortfall. We can’t dismiss our culpability entirely. The current national savings rate posted by the Federal Reserve hovers around 5%, not nearly enough to fund our
Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021. Brendan McDermid | Reuters The first time Robinhood restricted trading on its app, during the GameStop event in January, may not to be the last, the company said Thursday. In January,
Workers prepare the ground for construction at the Duette solar site which is being developed on previously agricultural land in Bowling Green, Florida, March 24, 2021. Dane Rhys | Reuters June jobs growth is expected to outpace May and more Americans rejoined the workforce, even as companies continued to struggle to find employees to hire.
The arrival of July 1 marks the end of one of the most remarkable quarters in New York real estate history. Every week since February has seen more than 30 contracts signed at $4 million and over, the most extraordinary run since before the 2008 recession. And it’s not just, or even primarily, these larger
A for sale sign is seen near a house for sale in South Pasadena, California. Frederic J. Brown | AFP | Getty Images The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is suddenly coming on the market, which will
Municipals were firmer by a basis point Thursday amid light secondary trading and a quiet primary as the second half of the year and July reinvestment kicks off while broader markets mostly held steady ahead of Friday’s employment numbers. Inflows came in below $1 billion for the first time since the start of June, with
Most of us are holding too much cash in our portfolios and not enough stocks, but the worst offenders of all are the youngest investors. This means you, millennials. A 2014 UBS survey reports that the public continues to avoid the stock market, but that the youngest investors are even more conservative than the older
Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers
Traders on the floor of the New York Stock Exchange. Source: NYSE The floor of the New York Stock Exchange, which has been quiet in the past year, has suddenly come to life. Traders have been returning, restrictions have been relaxed so more visitors can come on the floor, and the IPO business is booming.
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters OPEC heads into Thursday’s meeting with Russia and other allies with
Coastal design has always been in style, but as the pandemic comes to a close, it is becoming more popular again. This is because homeowners are seeking an open and airy vibe that feels more vacation-like, even if they’re landlocked. “Coastal design has been around for centuries, largely because it was the manner in which
In this article AXP A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021. Raychel Brightman | Newsday LLC | Newsday | Getty Images American Express has two new fintech partners it’s sending customers to